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Each of the two new facilities spans 7,600 square metres. They will manufacture highly engineered rotating and stationary airfoils and specialised machined parts for GE Vernova's global requirements in the power generation and essential industries.
The stock had declined 0.13% to settle at Rs 2,726.15 on Monday amid a broader market sell-off.
Azad Engineering manufactures mission-critical components for the energy, oil & gas, and aerospace & defence sectors. The company serves global OEMs in more than 11 countries and is a qualified manufacturer of nuclear turbine airfoils in India.
On a consolidated basis, Azad Engineering's net profit rose 20.29% to Rs 35.75 crore while net sales rose 25.90% to Rs 172.60 crore in Q1 June 2026 over Q1 June 2025.
Electrosteel Castings Ltd, Marksans Pharma Ltd, Ashapura Minechem Ltd and Vesuvius India Ltd are among the other gainers in the BSE's 'A' group today, 29 September 2026.
Azad Engineering Ltd soared 8.47% to Rs 2957 at 11:45 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.59 lakh shares were traded on the counter so far as against the average daily volumes of 28694 shares in the past one month.
Electrosteel Castings Ltd spiked 7.45% to Rs 77.48. The stock was the second biggest gainer in 'A' group. On the BSE, 2.58 lakh shares were traded on the counter so far as against the average daily volumes of 1.41 lakh shares in the past one month.
Marksans Pharma Ltd surged 4.42% to Rs 346.25. The stock was the third biggest gainer in 'A' group. On the BSE, 2.13 lakh shares were traded on the counter so far as against the average daily volumes of 1.52 lakh shares in the past one month.
Ashapura Minechem Ltd spurt 4.11% to Rs 522.95. The stock was the fourth biggest gainer in 'A' group. On the BSE, 7190 shares were traded on the counter so far as against the average daily volumes of 93578 shares in the past one month.
Vesuvius India Ltd jumped 3.99% to Rs 401.3. The stock was the fifth biggest gainer in 'A' group. On the BSE, 10326 shares were traded on the counter so far as against the average daily volumes of 29750 shares in the past one month.
Profit before tax (PBT) surged 42.80% to Rs 51.24 crore during the quarter, as against Rs 35.88 crore reported in Q4 FY25.
Total expenses rose 34.37% year-on-year to Rs 126.89 crore, driven by a 4.62% increase in the cost of materials consumed to Rs 30.99 crore and a 50.98% rise in employee benefits expenses to Rs 38.32 crore during the quarter.
On a standalone basis, net profit climbed 34.95% to Rs 35.13 crore on a 26.39% increase in revenue from operations to Rs 157.39 crore in Q4 FY26 over Q4 FY25.
EBITDA rose 27.11% to Rs 57.76 crore in Q4 FY26 from Rs 45.44 crore reported a year earlier. EBITDA margin improved marginally to 36.7% from 35.5% in the corresponding quarter last year.
Rakesh Chopdar, Chairman & CEO, Azad Engineering, said, “FY26 was a year of clear focus on consolidation and stabilization - embedding newly commissioned capacities, strengthening OEM qualifications, and building the human capital foundation for the next phase of growth. From a financial perspective, Q4 FY26 was another strong quarter, with healthy revenue growth and sustained margins. This momentum continued throughout the full year, with total revenue reaching close to Rs 6,000 million, reflecting consistent execution and increasing contributions from advanced manufacturing programs.
On the CAPEX front, we made steady progress by commissioning four dedicated lean manufacturing facilities for our customers since listing, including two during FY26 and one as recently as last month. Looking ahead, we remain confident of sustaining strong growth momentum, supported by favourable industry tailwinds and continued investments in capacity expansion.”
The official announcement was made on 15 May 2026, after market hours.
Azad Engineering is engaged in the manufacturing of precision forged and machined components for clean energy, aerospace, defense, oil and gas, and standalone power supply (SPS) as required by OEMs with its manufacturing unit in Hyderabad.
The counter tumbled 7.02% to Rs 1,954 on the BSE.
For the full year,net profit rose 52.18% to Rs 132.88 crore in the year ended March 2026 as against Rs 87.32 crore during the previous year ended March 2025. Sales rose 31.84% to Rs 602.98 crore in the year ended March 2026 as against Rs 457.35 crore during the previous year ended March 2025.
Total expenses rose 34.37% year-on-year to Rs 126.89 crore, driven by a 4.62% increase in cost of materials consumed to Rs 30.99 crore and a 50.98% rise in employee benefits expenses to Rs 38.32 crore during the quarter.
The counter slipped 3.72% to Rs 2,101.50 on the BSE.